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DORCO VINA CO., LTD

Active

Business ID 0900283167

84-221 / 3587 556 / 3587 557

DORCO VINA CO., LTD

Active

Business ID 0900283167

84-221 / 3587 556 / 3587 557

DORCO VINA CO., LTD

Active

Summary

Name:

DORCO VINA CO., LTD

Business ID (TIN):

0900283167

Date of Registration:

31 Mar 2008

Registered Office:

Hung Yen Province Department of Finance

Address:

Road B3, Section B, Pho Noi A Industrial Park, Lac Dao Commune, Hung Yen Province, Vietnam

Phone:

84-221 / 3587 556 / 3587 557

Financial Statement:

2020, 2021, 2022, 2023, 2024

Established in 2008 and operating for over 17 years, DORCO VINA CO., LTD has grown into one of Vietnam’s most prominent manufacturers in the field of cutlery, hand tools, and general hardware. As a wholly foreign-owned enterprise, the company reflects South Korea’s strategic investment in Vietnam’s industrial base, with its entire equity held by DORCO CO., LTD, a renowned South Korean corporation. With its headquarters located on Road B3, Section B, in Pho Noi A Industrial Park, Minh Hai Commune, Van Lam District, Hung Yen Province, and a registered Tax Identification Number (TIN) of 0900283167, DORCO VINA CO., LTD continues to play a key role in supplying high-quality razors, blades, and precision metal products to global markets.

DORCO VINA CO., LTD is legally structured as a one-member limited liability company and operates under the registration granted by the Hung Yen Province Department of Planning and Investment. The company's charter capital stands at USD 37.68 million, while its paid-up capital as of the end of 2023 reached USD 38.31 million. The business also maintains a branch in Hoa Mac Industrial Park, Ha Nam Province, and an additional factory at Road A5, Zone A, within the same Pho Noi A Industrial Park. With a workforce of approximately 4,000 employees, the company has built a solid operational base that supports both its manufacturing and diversified business activities, which include leasing office spaces, trading property rights, and producing corrugated packaging and fabricated metal products.

In terms of leadership, the company is headed by Chairman Baek H. G. (Baek Hakgi) and General Director Lee J. W.(Lee Jongwol), both of whom are South Korean nationals. Their management has steered the company through both growth and market volatility. Despite facing economic headwinds in 2023, including a 2.56% decline in total sales and a 22.3% drop in net profit compared to the previous year, DORCO VINA CO., LTD managed to increase its equity by over 4%, reflecting sound fiscal discipline. The company posted total assets of USD 134.09 million, total sales of USD 144.28 million, and a net profit of USD 1.92 million in 2023. Although working capital stood at a negative USD 18.46 million, suggesting some liquidity stress, the company’s overall financial foundation remains strong, supported by a net worth of USD 49.67 million.

DORCO VINA CO., LTD exemplifies the dynamic potential of FDI-backed manufacturing enterprises in Vietnam. While recent financial figures reveal challenges in profit margins and cash flow, they also highlight the company's resilience and long-term commitment to the Vietnamese market. With its well-capitalized structure, experienced international leadership, and wide-ranging business operations, the company is well-positioned to innovate, adapt, and thrive. Investors and partners looking for a reliable industrial partner in Southeast Asia would find in DORCO VINA CO., LTD a compelling blend of global expertise and local strength.

Legal Profile

English Name:

DORCO VINA CO., LTD

Vietnamese Name:

CÔNG TY TNHH DORCO VINA

Business ID (TIN):

0900283167

Date of Registration:

31 Mar 2008

Registered Office:

Hung Yen Province Department of Finance

Ownership Status:

FDI

Operation Status:

Active

Contacts

Key Decision Makers:

+ YUN M.W

+ LEE J

Address:

Road B3, Section B, Pho Noi A Industrial Park, Lac Dao Commune, Hung Yen Province, Vietnam

Phone:

84-221 / 3587 556 / 3587 557

Branch:

Road D3, Section G, Hoa Mac Industrial Park, Duy Tien Ward, Ninh Binh Province, Vietnam

Factory Address:

Road A5, Zone A, Pho Noi A Industrial Park, Nhu Quynh Commune, Hung Yen Province, Vietnam

Business Sector

Key business lines:

VSIC:

2593 Manufacture of cutlery, hand tools and general hardware

NACE:

25.7 Manufacture of cutlery, tools and general hardware

Industry Sales Growth

CAGR (2019 - 2023)

7.31%

YoY (2023)

-4.63%

Companies by industry

Company distribution and propportions

493

0.0170%

Key Industry Players

Top 10 companies in manufacture of cutlery, hand tools and general hardware industry

kai vietnam co., ltd seorim vietnam co., ltd vietnam fortress tools jsc dorco vina co., ltd wiha vietnam co.,ltd nastec vietnam joint stock company wahl vietnam co., ltd dorco living vina company limited huy hoang locks company limited great star vietnam limited company

Payment History

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Financial Performance

Assets	-57.73%
Owner’s Equity	35.32%
Working Capital	-46.23%
Net Worth	-64.32%
Sales	-81.92%
Operating income	80.81%
EBIT	-30.92%
Gross Profit Margin	62.18%
Debt to EBITDA	45.27%

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Specific Questions About DORCO VINA CO., LTD

When did DORCO VINA CO., LTD start operating?

DORCO VINA CO., LTD was started in 31 Mar 2008

What industry does DORCO VINA CO., LTD operate in?

DORCO VINA CO., LTD is operating in "Manufacture of cutlery, hand tools and general hardware" industry

How can I contact DORCO VINA CO., LTD?

DORCO VINA CO., LTD phone numbers is 84-221 / 3587 556 / 3587 557

What adverse news is there about DORCO VINA CO., LTD?

DORCO VINA CO., LTD’s has no negative news

What is stock symbol of DORCO VINA CO., LTD?

DORCO VINA CO., LTD is not listed company

Where is the location of DORCO VINA CO., LTD?

DORCO VINA CO., LTD is located at Road B3, Section B, Pho Noi A Industrial Park, Lac Dao Commune, Hung Yen Province, Vietnam

What is DORCO VINA CO., LTD’s business registration?

DORCO VINA CO., LTD business registration is 0900283167

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